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Community Partners Help United Way Foster Financial Stability

Thanks to the Supporting Community Partners of United Way of Western Connecticut’s (UWWC) Financial Opportunity Center (FOC), we are able to offer programs to help households understand their finances and create budgets, start saving, reduce debt, build assets and plan for the future.

UWWC’s FOC empowers individuals and families in Western Connecticut to take the necessary steps to become financially stable. For too many families in our communities, the reality of living paycheck-to-paycheck despite working full-time (or multiple jobs) is that these individuals and families have nothing left for savings, deferring dreams of buying a house, building retirement accounts, or contributing to college funds. The FOC is one way we address this need.

According to the FOC Interim Report results, as of December 2017, through our partnering organizations:

  • 139 individuals improved their credit health
  • 114 individuals adhered to a household budget
  • 200 individuals met a short-term financial goal

We fight for ALICE® (Asset Limited, Income Constrained, Employed) households in our communities by funding programs and collaboratives that target specific issue areas that most impact their households. Our goal is to create lasting change, and we work toward this by listening to ALICE and taking action to help them improve their lives.

We’d like to thank our local banks for supporting this work and making it possible for us to create lasting change in the lives of individuals and families by connecting them to financial coaches who help them cultivate spending and saving habits that fit their life, needs and goals.

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